Jun. 16 at 1:57 AM
Investors will focus on several potential market-moving events on Tuesday, including the release of U.S. housing starts data before the opening bell. The report could influence homebuilder stocks, many of which have rebounded recently despite remaining below their previous highs. Toll Brothers has gained 18% over the past month, Hovnanian is up 25%, D.R. Horton has risen nearly 15%, Lennar has advanced 9%, and PulteGroup has added more than 11%.
Another key development will be the start of options trading for SpaceX on the Cboe, following the company's blockbuster public debut. After surging nearly 20% on its second trading day, SpaceX reached a market capitalization of approximately
$2.5 trillion, approaching Amazon's valuation. Market participants will closely watch options activity for signals about investor sentiment and volatility expectations.
Workday will also hold its annual meeting amid a challenging period for the software company.
$TOL $HOV $DHI $LEN $PHM